Debswana production up 14%

SHARE   |   Monday, 24 July 2017   |   By Staff Writer

Rough diamond production at Debswana Diamond Company went up by 14 percent to 5.9 million carats during the second quarter of the year. According to figures released by Anglo American – De Beers’ parent company – the increase was driven mainly by Orapa’s production which increased by 44 percent driven by the rump-up of plant 1 which was previously on partial care and maintenance as the company put in place measures to respond to trading conditions in late 2015. However, the increase in production at Orapa is said to have been slightly off-set by Jwaneng where production decreased by three percent. At 5.9 million carats, Debswana Diamond Company which is run in a joint venture between De Beers and Botswana government was the largest contributor to De Beers which is responsible of selling rough diamonds from Debswana mines. Other mines from South Africa, Namibia and Canada, contributed the other portion of the total 8.7 million carats recovered and sold by Beers. The 8.7 million carats production is said to be a 36 percent increase and in line with the higher production forecast for 2017, reflecting stable trading conditions as well as the contribution from the ramp-up of Gahcho Kué in Canada. De Beers consolidated rough diamond sales volumes in the second quarter of 2017 were 5.4 million carats (5.9 million carats on a total 100% basis) from two Sights, compared with 9.6 million carats (10.2 million carats on a total 100% basis) from three Sights in Q2 2016.Besides the additional sight in Q2 2016, the company says the decrease was expected given the strong levels of midstream restocking in H1 2016.




Related news

Travel Lodge Room 52
Patriot placeholder